USD/CHF: broken 'Triangle'

USD/CHF: broken 'Triangle'

Information is not investment advice

The last 'Triangle' has been broken, but there's 'Thorn' pattern, so the market is going to test the nearest resistance 1.0023 and the Moving Averages. If a pullback from these levels happens next, there'll be an opportunity to have another decline towards the previously tested support at 0.9925, which means we could have a new local low shortly.

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Levels for trading USD/CAD

To gain the ability to head higher, towards 1.3445, USD/CAD needs to overcome 1.3355 (61.8% Fibo of the May-July decline).  

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